henry / Henry is on Nostr

#bitcoin FTW

Last Notes

2024-08-22 19:57:50

I’m spending more time on Nostr than X. The flipping has happened.

2024-08-14 20:03:25

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👏 done

2024-08-14 20:00:55

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Correct! Sorry if you inferred that from what I said.

2024-08-14 13:15:24

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I think that is what BlueSky was meant to do, but it became untenable to do so.

2024-08-14 13:11:54

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How about…
A system where you have to pay sats to use a 2FA, reset your password, or submit a password.
The catch is the sats go to your account wallet. So no harm if it’s you, as you’re paying yourself.
But bad actors won’t because of the cost of attempted log-in or attack.

2024-08-07 19:15:50

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I don’t think there is such a thing a stupid question if it’s asked in earnest. The pursuit of knowledge requires an enquiring mind.
So it seems like you have now levelled up. Excellent!

2024-08-06 20:48:29

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On a macro level, the value of products and services, measured in bitcoin, will come about through a calibration over time via a combination of price discovery and efficient markets. Goods are worth what people will pay for them, and whilst initially there will be a potentially large spread, eventually market consensus will be found and the margins will narrow.

2024-08-05 17:36:17

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Ignored ;)

2024-08-03 18:48:18

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Some layman’s thoughts here… could a system be created whereby users in group B or C could send their small trapped amounts to a single depository address, run by a charitable mining pool/org, with zero or close to zero transaction fee.
Miners in general wouldn’t pick up these low value transactions, but the mining org would know that they were for processing and would then mine those transactions and refund the amount to a Lightning address. So the original user can then use their otherwise trapped funds.
There would have to be some benevolence here from the mining pool/org, (as priority is given to low value transactions from the mempool) but it does mean consolidation of trapped UTXOs, and perhaps a small fee can be taken (so 95% is returned).
This could be seen as a “for the health of the network” and “improving adoption” initiative that bitcoiners as a collective could support.

2024-08-03 18:31:44

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Brilliant 👏👏

2024-07-31 02:17:52

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I read it, but way too technical for me, so I’m glad you’re thinking about the problem!

2023-02-16 11:52:15

Bitcoin ordinal PFP NFTs used on Damus for profile pics with verified ownership via signed transaction. Surely this is next?

2023-02-03 02:02:44

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Loving it already. So much potential here.

2023-02-03 00:49:17

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Thank you! ✌️

2023-02-03 00:48:10

Hello world!